The Pirates have reached an agreement with first-round pick Austin Meadows, reports Travis Sawchik of the Pittsburgh Post-Gazette.

Meadows, a high school center fielder out of Georgia, was selected No. 9 overall in this month’s First-Year Player Draft. Jim Callis of Baseball America reports that he’ll receive a $3,029,600 bonus, which matches the recommended slot value for the pick.

Here’s the write-up on Meadows from our own Matthew Pouliot:

Meadows was projected to go as high as fifth and most didn’t see him lasting past the Red Sox with the seventh pick. He probably won’t last in center, and that’s especially a given with Andrew McCutchen now ahead of him. But he should prove to be quite an asset defensively in right field, and he possesses big-time power potential. He’s a high risk kind of guy, but he’s also one with the ability to end up as the best player from this year’s draft.

The Pirates failed to sign right-hander Mark Appel after selecting him eighth last year, so they received the No. 9 pick this year as compensation. They signed their other first-round pick, high school catcher Reese McGuire, to a $2.56 million bonus last week after selecting him at No. 14 overall.

Paxton, 30, has been among the game’s better starters over the past few years. In 2018, he went 11-6 with a 3.76 ERA and a 208/42 K/BB ratio in 160 1/3 innings. The lefty has two more years of arbitration eligibility remaining after earning $4.9 million this past season.

Sheffield, 22, is the headliner in the Mariners’ return. He made his major league debut in September for the Yankees, pitching 2 2/3 innings across three appearances. Two of those appearances were scoreless; in the third, he gave up a three-run home run to J.D. Martinez, certainly not an uncommon result among pitchers. MLB Pipeline rates Sheffield as the Yankees’ No. 1 prospect and No. 31 overall in baseball.

Thompson-Williams, 23, was selected by the Yankees in the fifth round of the 2016 draft. This past season, between Single-A Charleston and High-A Tampa, he hit .299/.363/.546 with 22 home runs, 74 RBI, 63 runs scored, and 20 stolen bases in 415 plate appearances. He was not among the Yankees’ top-30 prospects, per MLB Pipeline.

Swanson, 25, was selected by the Yankees in the eighth round of the 2014 draft. He spent most of his 2018 campaign between Double-A Trenton and Triple-A Scranton/Wilkes-Barre. Overall, he posted a 2.66 ERA with a 139/29 K/BB ratio in 121 2/3 innings. MLB Pipeline rated him No. 22 in the Yankees’ system.

This trade comes as no surprise as the Yankees clearly wanted to upgrade the starting rotation and the Mariners seemed motivated to trade Paxton this offseason. To the Mariners’ credit, they got a good return for Paxton, as Sheffield likely becomes the organization’s No. 1 prospect. The only worry about this trade for the Yankees is how Paxton will fare in the more hitter-friendly confines of Yankee Stadium compared to the spacious Safeco Field. The Yankees are likely not done adding, however. Expect even more new faces before the start of spring training.